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Park Resorts is to invest £25m in improvements to its chain of holiday parks across the country next year, including new leisure and entertainment facilities.
Park Resorts is to merge with Parkdean to create a combined £960m holiday homes group with 73 sites across the country.
Park Resorts is to invest £20m a year in improvements to its 49 holiday sites.
Park Resorts is planning to open Costa coffee outlets at many of its 37 holiday parks.
Park Resorts, the operator of 35 holiday parks, is to be acquired by private equity firm GI Partners for £440m.
Park Resorts, the operator of caravan parks, has been sold by Close Brothers Private Equity to ABN Amro Capital for £165m.
Park Resorts has announced a £5m refurbishment programme for its nationwide chain of holiday parks, including the expansion of three sites on the Isle of Wight.